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Asian stocks close lower, caught in global downdraft, sink deeper into bear market territory

Oct 26, 2018

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*Data in Price Return and Updated Real-Time (with a delay), Source: StockDio

Japanese Market

  • Japanese Prime Minister Abe made the first Japanese state visit to China since 2011.  During the visit, he announced an end to economic aid to China which had surpassed Japanese GDP 3 years ago
  • The Japanaese market, like Asia in general, is caught in the global downdraft.  The Nikkei 225 finished down 0.4% and the Topix closed down 0.31%
  • Investor sentiment for Japanese stocks finished negative with the advance/decline ratio for the Nikkei 225 closing at 0.79x
  • 0 stocks in the Nikkei 225 hit 4-week highs while 187 stocks reached 4-week lows
  • 0 stocks in the Nikkei 225 closed overbought while 70 stocks closed oversold according to the 16-day RSI Measure
  • JPY¥ is currently down 0.302% against the USD$ to 112.08
  • Japan 2-Year Government Bonds are lower with yields up 0.4 basis points to -0.117%
  • Japan 10-Year Government Bonds are higher with yields down -0.4 basis points to 0.113%
  • JGBs 2s-10s Spread has narrowed 0.8 basis points to 0.23%
     

Chinese Market

  • China received Japanese Prime Minister Abe, vowing to work together on a wide range of issues
  • Chinese markets are no exception to the global downdraft, The Hang Seng closed down 1.11%, Hang Seng China Enterprise declined 1.16%, and the CSI 300 retreated 0.65%
  • Investor sentiment for Hong Kong stocks finished negative with the advance/decline ratio for the Hang Seng closing at 0.47x
  • 0 stocks in the Hang Seng hit 4-week highs while 24 stocks reached 4-week lows
  • 0 stocks in the Hang Seng closed overbought while 6 stocks closed oversold according to the 16-day RSI Measure
  • HKD$ is currently little changed against the USD$ at 7.8405
  • CNY¥ is currently little changed against the USD$ at 6.9458
  • China RMB 2-Year Government Bonds are lower with yields up 0.8 basis points to 3.112%
  • China RMB 10-Year Government Bonds are lower with yields up 0.6 basis points to 3.551%
  • China Government RMB 2s-10s Spread has narrowed 0.2 basis points to 0.44%

Australian Market

  • Australian stocks, caught in the global downdraft, lost USD$55 billion in market value this past week
  • ASX 200, after a brutal week, finished flat, +0.02%
  • Investor sentiment for Aussie stocks finished negative with the advance/decline ratio for the ASX 200 closing at 0.61x
  • 5 stocks in the ASX 200 hit 4-week highs while 116 stocks reached 4-week lows
  • 3 stocks in the ASX 200 closed overbought while 72 stocks closed oversold according to the 16-day RSI Measure
  • AUD$ is currently down 0.692% against the USD$ to 0.7031
  • Aussie 2-Year Government Bonds are lower with yields up 0.1 basis points to 1.987%
  • Australia 10-Year Government Bonds are higher with yields down -1.5 basis points to 2.596%
  • Aussie Government 2s-10s Spread has narrowed 0.592 basis points to 0.61%

Indian Market

  • Indian stocks have closed lower 7 of the last 8 weeks and saw the their worst 2 months in 8 years
  • The Sensex finished down 1.01% and the Nifty 50 closed lower by 0.94%
  • Investor sentiment for Indian stocks finished negative with the advance/decline ratio for the Sensex closing at 0.29x
  • 1 stock in the Sensex hit 4-week highs while 11 stocks reached 4-week lows
  • 0 stocks in the Sensex closed overbought while 2 stocks closed oversold according to the 16-day RSI Measure
  • INR₹ is currently up 0.264% against the USD$ to 73.4675
  • India 2-Year Government Bonds are lower with yields up 2.7 basis points to 7.613%
  • India 10-Year Government Bonds are lower with yields up 0.9 basis points to 7.876%
  • India Government 2s-10s Spread has narrowed 2.436 basis points to 0.26%
     

Nikkei 225 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Suzuki Motor Corp Consumer Discretionary 5577 3.43% 4,485,900.00
Oji Holdings Corp Materials 751 3.02% 6,587,900.00
Hitachi Ltd Information Technology 3256 2.13% 4,101,200.00
Fast Retailing Co Ltd Consumer Discretionary 55530 2.08% 1,378,900.00
Tokyo Tatemono Co Ltd Real Estate 1184 2.07% 2,339,400
 
Underformers Sector Price 1D % Chg Volume
Showa Denko KK Materials 4515 -5.94% 4,334,400.00
Tokai Carbon Co Ltd Materials 1600 -5.88% 23,341,400.00
Canon Inc Information Technology 3206 -5.62% 14,530,200.00
Hitachi Construction Machinery Co Ltd Industrials 2906 -5.03% 3,566,300.00
Recruit Holdings Co Ltd Industrials 2846.5 -5.01% 10,389,600.00

Hong Kong Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Sun Hung Kai Properties Ltd Real Estate 102.6 1.68% 5,441,622.00
CNOOC Ltd Energy 13.4 1.67% 81,496,556.00
China Resources Power Holdings Co Ltd Utilities 12.76 1.59% 13,555,337.00
Wharf Real Estate Investment Co Ltd Real Estate 47.6 1.38% 1,844,534.00
Sino Land Co Ltd Real Estate 12.54 1.29% 5,245,132
 
Underformers Sector Price 1D % Chg Volume
Sunny Optical Technology Group Co Ltd Information Technology 64.4 -11.11% 26,638,435.00
China Life Insurance Co Ltd Financials 15.96 -6.67% 114,118,910.00
AAC Technologies Holdings Inc Information Technology 56.2 -4.75% 9,983,174.00
China Mengniu Dairy Co Ltd Consumer Staples 23 -3.77% 10,811,424.00
Sands China Ltd Consumer Discretionary 30.4 -3.65% 22,904,616.00

ASX 200 Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Fortescue Metals Group Ltd Materials 3.83 5.22% 29,450,146.00
Lynas Corp Ltd Materials 1.775 4.41% 9,116,396.00
ResMed Inc Health Care 14.25 3.64% 3,121,845.00
Reliance Worldwide Corp Ltd Industrials 4.68 3.31% 5,666,564.00
CSR Ltd Materials 3.42 3.01% 4,959,882
 
Underformers Sector Price 1D % Chg Volume
Primary Health Care Ltd Health Care 2.53 -7.66% 5,313,220.00
G8 Education Ltd Consumer Discretionary 1.91 -7.28% 6,957,075.00
Mayne Pharma Group Ltd Health Care 1.05 -5.83% 12,811,656.00
IOOF Holdings Ltd Financials 6.97 -5.17% 4,330,931.00
Northern Star Resources Ltd Materials 8.85 -5.14% 5,127,598.00

Sensex Movers

In local currency.
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Outperformers Sector Price 1D % Chg Volume
Tata Motors Ltd Consumer Discretionary 168.85 2.03% 743,398.00
Reliance Industries Ltd Energy 1044.7 1.25% 278,816.00
Tata Steel Ltd Materials 551.1 0.69% 504,491.00
Bharti Airtel Ltd Telecommunications 298.3 0.68% 176,699.00
Housing Development Finance Corp Ltd Financials 1701.4 0.55% 100,547
 
Underformers Sector Price 1D % Chg Volume
Yes Bank Ltd Financials 180.55 -8.95% 556,217.00
Axis Bank Ltd Financials 537.35 -4.33% 960,464.00
IndusInd Bank Ltd Financials 1445.1 -3.10% 42,184.00
Tata Consultancy Services Ltd Information Technology 1799.6 -3.02% 57,673.00
Kotak Mahindra Bank Ltd Financials 1159.05 -2.61% 96,262.00